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Russia and China will create a center for coordinating satellite navigation
The Russian-Chinese center for coordination of satellite navigation will be created by the end of 2014, the press service of NP GLONASS reported.
Russia and China will set up a joint venture to promote services based on GLONASS and BeiDou technologies. For the administrative work on the creation of a joint venture by the end of the year, a Russian-Chinese center for the introduction of satellite navigation technologies in the civil sphere will be established, "the Non-Commercial Partnership said in a statement.
The center is called upon to determine the directions of the future joint venture, and will deal with all issues related to its establishment. The parties agreed on the establishment of the Center within the framework of the Airshow China-2014 international aerospace show in Zhuhai (China).
"The joint venture will not be exclusively focused on the markets of the two countries; joint exports to the countries of Central and South Asia, the CIS and Eastern Europe are also planned," the press service added.
In October this year in Moscow, NP "GLONASS" and Norinco signed a memorandum of cooperation, where the parties fixed the directions for joint work and cooperation. The list of directions included: joint development and production of microelectronics, joint preparation of the Silk Road project, exploring opportunities for business development using high-precision navigation, joint development of navigation equipment that combines the capabilities of GLONASS and BeiDou systems, and the creation of joint ventures in the field of satellite navigation.